Bank of America Prepares to Write Off Principal on Mortgages
Bank of America announced that they will begin a pilot program that will allow some California homeowners to receive a principal writedown on their mortgages. The funds, totaling almost $700,000 were received from the Treasury’s Hardest Hit Fund lasy year. They also mention that they have solicited a number of homeowners in Arizona. They join Ally Financial who agreed last week to participate in a similar program in Michigan.
I’ll believe it when I see it but this sounds like the real thing.
Experts in Maricopa AZ Short Sales | Foreclosures and Maricopa AZ Homes
Contact Bill Wasowicz for all listings or to be listed for Maricopa AZ homes and real estate
